Free Online Loan Payment Calculator

Calculate monthly loan payments, interest, and amortization with our free online Loan Payment Calculator. Fast, private, and no signup required.

Loan Payment Calculator

Calculate monthly payments, total cost, and interest breakdown

Loan Amount ($)

Annual Interest Rate (%)

Loan Term (years)

years

Monthly Payment

$1,580.17

Total Payment

$568,861.22

Total Interest

$318,861.22

43.9%

56.1%

Principal$250,000.00

Interest$318,861.22

M = P × [r(1+r)ⁿ] / [(1+r)ⁿ − 1]

P = principal · r = monthly rate · n = total payments

Enter or paste your data in the input area.

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How does the Loan Payment Calculator work?

Enter your data and the Loan Payment Calculator processes it instantly in your browser.

Is this tool free?

Yes. This tool is completely free to use with no signup required.

Is my data safe?

Yes. All processing happens in your browser. Your data is never sent to any server.